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    55 East Ave Lockport, NY 14094

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    For Sale
    $1,900,000

    Two office buildings in Lockport's Central Business District.

    Lot size:
    1.78 Acres

    Property Features for 55 East Ave

    General Information

    Lot size
    1.78 Acres

    Building Details

    Year built
    1967

    Source: HUNT Commercial Real Estate Corp. of Buffalo New York Agent RonaldGunner Tronolone

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two Lockport Office Buildings

    Two buildings are available in the heart of Lockport's Central Business District (CBD). The first building, located at 55 East Ave on the corner of East Ave and Washburn Ave, is a two-story structure with 32,718 square feet. It includes a fully built-out basement area complete with cubicle furniture. The building sits on a lot approximately 0.79 acres in size (164.44 x 184.8 feet). It features two elevators and two vaults. Formerly the headquarters for Lockport Savings Bank and First Niagara Bank, it is currently occupied by Northwest Bank, which is relocating its branch. The second building, located at 80 Washburn Street, is a single-story building of approximately 15,462 square feet, including a full basement with an elevator. A portion of this building has four drive-through bays. The lot size is approximately 0.99 acres (184.76 x 288.37 feet, irregular). Combined, the buildings offer approximately 48,180 square feet on 1.78 acres.
    Insight Report Location Intelligence

    Current Use by Public Records

    FedEx Drop Box Mailing Service ATM (Northwest Bank ) Atm Northwest Bank Bank

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Niagara
    State
    New York
    Longitude
    -78.6865604
    Latitude
    43.1716651

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    FAQs

    What type of property is this?
    Office building - Two office buildings in Lockport's Central Business District.
    Where is this office building located?
    The property is located at 55 East Ave Lockport, NY.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Prime CBD location in the heart of Lockport's Central Business District.; - Substantial combined building area of approximately 48,180 sq ft across two buildings on 1.78 acres.; - 55 East Ave: A 32,718 sq ft, two-story building with a fully built-out basement, cubicle furniture, 2 elevators, and 2 vaults.
    (716) 913-7107
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    55 East Ave Lockport, NY 14094
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    55 East Ave Lockport, NY 14094
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